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If you or a loved one has a pre-existing condition, you may feel like your options for coverage are limited but you can get cover across multiple types of insurance for pre-existing conditions, as long as you don’t leave it too late.
With the stress of your pre-existing condition, you may have let your coverage slip down your priority list. It’s worth remembering that insurance doesn’t just benefit you; it benefits those who are dependent on us, or those we leave behind.
If you have a pre-existing condition, you may find you can’t qualify for standard health insurance policies, but specific products exist to accommodate your needs. Our Guaranteed Issue Health Plan provides coverage for those with pre-existing conditions. However, the premiums are slightly higher than a medically underwritten policy. Some of the benefits under a Guaranteed Issue Heath plan are capped with an annual maximum. There are some treatments/prescriptions you may be taking to treat a condition that may not be costly out of pocket. In some instances, it can still be beneficial for you to have a medically underwritten policy, even with some exclusions.
Exclusions due to a pre-existing condition do not have to remain forever under your coverage. If you have been treatment-free for a condition for more than 12 months, you can apply to have it removed. It is, however, at the insurer’s discretion to approve or deny the request based on the medical report received from your physician.
As an advisor, we are here to assess your need, assist you and find a solution to provide you with the most adequate health insurance coverage based on your current situation, with or without a pre-existing condition – we will have a solution for you, no matter what.
If you are currently covered under a group plan with your employer, we do highly recommend you consider Assured Access plans to ensure your insurability is protected while you are covered by your employee benefits. This will guarantee you access to a private/individual health plan without having to qualify medically again – this means, regardless of what happens to your health while covered under the group plan, you will not have any exclusions on your coverage (other than the ones you may have had when you originally applied for the plan).
A great piece of mind to have indeed!
Critical illness cover
Most insurance for pre-existing conditions doesn’t cover the listed condition, but you can still lock-in critical illness cover for all other conditions. Critical illness can give you or your loved ones a payment if you’re diagnosed with a serious condition. The specific conditions covered will depend on your policy, but typically people want to be covered in the event of cancer, stroke, or heart attack.
Critical illness coverage can give you the funds you need to pay for unforeseen medical costs, take time off work, or plan for the worst. It may not be pleasant thinking about it but adding financial stress to the pot at such a crucial time can make a stressful situation unbearable.
Life insurance for pre-existing conditions can vary depending on the policy type. You can opt for no medical life insurance, which avoids a medical assessment and is quick and simple to set up. No medical life insurance is split into the simplified type and guaranteed issue. Anyone can set up a guaranteed issue plan, even if they have previously been refused life insurance. But you can lock in a higher level of coverage if you are able to qualify for a simplified type.
It Only Takes a Call
If you are looking to secure coverage with a pre-existing condition, please don’t leave it too late. You can request a free quote online or contact us directly for more information. Secure appropriate coverage now and know you are covered; peace of mind when you need it most.
Blue Country Insurance – all your protection under one roof… because your health and life matters.